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TR-1: notification of major interest in shares
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered
number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
(“Pan African” or the “Company”)
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
Pan African received the following notification on Friday, 28 April 2017:
“1. IDENTITY OF THE ISSUER OR THE UNDERLYING ISSUER OF EXISTING SHARES TO
WHICH VOTING RIGHTS ARE ATTACHED:
Pan African Resources Plc
2. REASON FOR THE NOTIFICATION:
An acquisition or disposal of voting rights: Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached: No
An acquisition or disposal of instruments with similar economic effect to qualifying financial
instruments: No
An event changing the breakdown of voting rights: No
Other (please specify): No
3. FULL NAME OF PERSON(S) SUBJECT TO THE NOTIFICATION OBLIGATION:
Jonathan Du Toit
4. FULL NAME OF SHAREHOLDER(S) (IF DIFFERENT FROM 3.):
Truffle Asset Management (Pty) Ltd
5. DATE OF THE TRANSACTION AND DATE ON WHICH THE THRESHOLD IS CROSSED OR
REACHED:
19 April 2017
6. DATE ON WHICH ISSUER NOTIFIED:
28 April 2017
7. THRESHOLD(S) THAT IS/ARE CROSSED OR REACHED:
5.0%
8. NOTIFIED DETAILS:
A: VOTING RIGHTS ATTACHED TO SHARES
----------------------------------------------------------------------------------------------------------------------------- ----------
Class/type of shares Situation previous to the triggering
if possible using the ISIN CODE transaction
Number of Shares Number of Voting Rights
----------------------------------------------------------------------------------------------------------------------------- ----------
Ordinary shares 97 450 519 97 450 519
GB0004300496
----------------------------------------------------------------------------------------------------------------------------- ----------
---------------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction:
------------------------------------------------------------------------------------------------------------------- --------------------
Number of Number of voting Number of voting % of voting
Shares - rights - rights - rights
Direct Direct Indirect Direct Indirect
---------------------------------------------------------------------------------------------------------------------------------------
107 450 519 107 450 519 4.81%
---------------------------------------------------------------------------------------------------------------------------------------
B: QUALIFYING FINANCIAL INSTRUMENTS
----------------------------------------------------------------------------------------------------------------------------- ----------
Resulting situation after the triggering transaction
-------------------------------------------------------------------------------------------------------------------------------- -------
Type of financial Expiration Exercise/Conversion Number of voting % of
instrument date Period rights that may be voting
acquired if the rights
instrument is
exercised/converted
----------------------------------------------------------------------------------------------------------------------------- ----------
N/A N/A N/A N/A N/A
--------------------------------------------------------------------------------------------------------------------------------- ------
C: FINANCIAL INSTRUMENTS WITH SIMILAR ECONOMIC EFFECT TO QUALIFYING
FINANCIAL INSTRUMENTS
---------------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number % of
instrument price Date Conversion of voting voting
Period rights rights
instrument
refers to
----------------------------------------------------------------------------------------------------------------------------- ----------
N/A N/A N/A N/A N/A N/A
---------------------------------------------------------------------------------------------------------------------------------------
TOTAL (A+B+C)
----------------------------------------------------------------------------------------------------------------------------- ----------
Number of voting rights Percentage of voting rights
----------------------------------------------------------------------------------------------------------------------------- ----------
107 450 519 4.81%
-------------------------------------------------------------------------------------------- -------------------------------------------
9. CHAIN OF CONTROLLED UNDERTAKINGS THROUGH WHICH THE VOTING RIGHTS
AND/OR THE FINANCIAL INSTRUMENTS ARE EFFECTIVELY HELD, IF APPLICABLE:
---------------------------------------------------------------------------------------------------------------------------------------
Controlled undertaking Percentage holding
----------------------------------------------------------------------------------------------------------------------------- ----------
N/A N/A
----------------------------------------------------------------------------------------------------------------------------- ----------
10. NAME OF THE PROXY HOLDER:
N/A
11. NUMBER OF VOTING RIGHTS PROXY HOLDER WILL CEASE TO HOLD:
N/A
12. DATE ON WHICH PROXY HOLDER WILL CEASE TO HOLD VOTING RIGHTS:
N/A
13. ADDITIONAL INFORMATION:
N/A
14. CONTACT NAME:
Jonathan Du Toit
15. CONTACT TELEPHONE NUMBER:
Tel: +27 11 325 0030”
Johannesburg
28 April 2017
JSE Sponsor
One Capital
Contact information
Corporate Office Registered Office
The Firs Office Building Suite 31, Second Floor
1st Floor, Office 101 107 Cheapside
Cnr. Cradock and Biermann Avenues London
Rosebank, Johannesburg EC2V 6DN
South Africa United Kingdom
Office: + 27 (0) 11 243 2900 Office: + 44 (0) 207 796 8644
Facsimile: + 27 (0) 11 880 1240 Facsimile: + 44 (0) 207 796 8645
Cobus Loots Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900
Phil Dexter John Prior / Paul Gillam
St James's Corporate Services Limited Numis Securities Limited
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644 Office: +44 (0) 20 7260 1000
Sholto Simpson Matthew Armitt / Ross Allister
One Capital Peel Hunt LLP
JSE Sponsor Joint Broker
Office: + 27 (0) 11 550 5009 Office: +44 (0) 207 418 8900
Julian Gwillim Jeffrey Couch/Neil Haycock/Thomas Rider
Aprio Strategic Communications BMO Capital Markets Limited
Public & Investor Relations SA Joint Broker
Office: +27 (0)11 880 0037 Office: +44 (0) 207 236 1010
Bobby Morse/Chris Judd
Buchanan Communications
Public & Investor Relations UK
Office: +44 (0) 207 466 5000
www.panafricanresources.com
Date: 28/04/2017 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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